Contract Management
With Contract Management you can increase the proportion of spend under management and on-contract by providing improved visibility and control of contracts throughout the contract lifecycle, and by ensuring that the organisation consistently utilises them when buying goods and services.
The central electronic repository is for all types of supplier contracts, with links to purchasing systems that make them fully visible to buyers. It automatically collects purchase and delivery activity for analysis of supplier performance and buyer commitments.
Monitoring
See everything, instantly
Managing hundreds or thousands of contracts just got easier, thanks to the electronic contract repository. It monitors contract dates and other important details, alerting your team whenever action is needed. It automatically gathers all purchase activity so you can analyse supplier performance and buyer commitments easily.
Alerts
Schedule key events - and never miss them
Avoid missing contract renewal dates, compliance checks and other important events. The system remembers and alerts you automatically, so every event is addressed at the proper time.
Analyse
Keep everyone working in harmony
Easily perform regular contract reviews to ensure everything is working as expected. Your team can easily monitor and analyse contract usage and performance – to ensure compliance from suppliers and from within your own organisation.
Visibility
Make goods and services 'buyable', then bring back the data
Two-way integration between your supplier contract repository and your Purchase-to-Pay system makes contracts visible and available, so your buyers can requisition goods and services without switching systems mid-process. What's more, all purchasing activity against each contract is collected automatically for reporting and analysis.